My own personal blog. I am member of the UNISON NEC for Community (All UK Housing Associations & the Voluntary sector) and a Labour Councillor for West Ham ward in Newham, London. Centre left and proud member of Labour movement family.
Saturday, October 12, 2013
Royal Mail Sell Off: Rip Off
Quote from the Father of Modern Economics, Adam Smith "A monopoly granted either to an individual or to a trading company has
the same effect as a secret in trade or manufactures. The monopolists,
by keeping the market constantly understocked, by never fully supplying
the effectual demand, sell their commodities much above the natural
price, and raise their emoluments, whether they consist in wages or
profit, greatly above their natural rate."